California State Teachers Retirement System Sells 61,184 Shares of Ally Financial Inc (ALLY)

California State Teachers Retirement System lessened its position in Ally Financial Inc (NYSE:ALLY) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 823,614 shares of the financial services provider’s stock after selling 61,184 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Ally Financial worth $19,981,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ALLY. Hotchkis & Wiley Capital Management LLC increased its stake in Ally Financial by 262.5% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,275,900 shares of the financial services provider’s stock valued at $110,266,000 after buying an additional 3,820,400 shares during the period. Thrivent Financial For Lutherans acquired a new position in Ally Financial during the 2nd quarter valued at about $54,346,000. FMR LLC increased its stake in Ally Financial by 72.4% during the 2nd quarter. FMR LLC now owns 5,860,209 shares of the financial services provider’s stock valued at $122,479,000 after buying an additional 2,461,343 shares during the period. State Treasurer State of Michigan grew its stake in shares of Ally Financial by 163.0% in the 3rd quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock worth $91,289,000 after purchasing an additional 2,331,967 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Ally Financial by 95.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,522,186 shares of the financial services provider’s stock worth $94,514,000 after purchasing an additional 2,205,311 shares during the last quarter.

Ally Financial Inc (ALLY) traded up $0.44 during mid-day trading on Thursday, hitting $30.50. 2,455,100 shares of the company traded hands, compared to its average volume of 3,760,000. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $13,490.00, a PE ratio of 14.19, a P/E/G ratio of 1.16 and a beta of 1.46. Ally Financial Inc has a twelve month low of $18.11 and a twelve month high of $30.65.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same period last year, the company posted $0.56 earnings per share. analysts predict that Ally Financial Inc will post 2.28 EPS for the current fiscal year.

ALLY has been the topic of several recent research reports. Barclays lifted their price objective on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Ally Financial in a research note on Friday, October 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Ally Financial in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 target price on shares of Ally Financial in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ally Financial has an average rating of “Buy” and a consensus price target of $30.88.

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Ally Financial Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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